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| Louis Rogers |
DURHAM, N.C. (June 5, 2014) – Capital Square Realty
Advisors, LLC announced today its Delaware Statutory Trust investment offering
of a 112,340-square-foot flex building in Durham, N.C., has been fully
subscribed by investors. The facility is 100 percent net leased to Reichhold
Inc., a global chemical manufacturing company.
“This is a high
quality flex building located within Imperial Center, a 465-acre business park with
a number of jogging trails, fitness centers, hotels, restaurants and other
amenities available to tenants and visitors,” said Louis Rogers, founder
and chief executive officer of Capital Square Realty Advisors.
“This is the seventh DST offering we’ve had fully subscribed
by investors, and we continue to see growth in demand throughout the country
for 1031 exchange opportunities among real estate owners.”
The Reichhold
building is located at 1035 Swabia Court and is equipped with a heavy
duty HVAC and electrical infrastructure, supported with a 500-kilowatt
emergency generator and multiple roof-mounted exhaust fans able to accommodate
biological and chemical lab use.
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| Yogi Singh |
Operating on five continents, Reichhold is the world’s
largest supplier of unsaturated polyester resins for composites and a leading
supplier of coasting resins used in a wide variety of markets and applications.
The property serves as the company’s corporate headquarters and research and
development facility.
“This building is
well located within an extremely competitive market for office and laboratory
space,” said Yogi Singh, vice president of acquisitions with Capital
Square. “Reichhold is joined at Imperial Center office park by a number of
other high quality, blue chip tenants and is within three miles of Research
Triangle Park.”
For a complete copy of the company’s news release, please
contact:
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 703
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